FOX BUSINESS: "These GDP numbers were shocking. We were expecting a 2.4% growth. The actual came in at 1.6--a huge loss--and with rising inflation...that adds up to stagflation.""That's something we haven't seen since the 1970's."
Video transcript0:25
These GDP numbers were shocking. We were expecting a 2.4% growth, the actual came in at 1.6%, huge loss, and with rising inflation, even the Fed is admitting that inflation is not only sticky, but it seems to be going in the wrong direction. That adds up to stagflation. I know, and I was preparing myself for your using that word, because that's something we haven't seen since the 1970s.
Transcribed automatically. Expect errors in names and numbers.
Post from Truth Social
FOX BUSINESS: "These GDP numbers were shocking. We were expecting a 2.4% growth. The actual came in at 1.6--a huge loss--and with rising inflation...that adds up to stagflation.""That's something we haven't seen since the 1970's."
Video transcript 0:25
These GDP numbers were shocking. We were expecting a 2.4% growth, the actual came in at 1.6%, huge loss, and with rising inflation, even the Fed is admitting that inflation is not only sticky, but it seems to be going in the wrong direction. That adds up to stagflation. I know, and I was preparing myself for your using that word, because that's something we haven't seen since the 1970s.
Transcribed automatically. Expect errors in names and numbers.